Big California bank fails, has China branches

United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were […]

Motorola Q4 outlook raises hope of turnaround

Motorola Inc forecast a higher-than-expected profit for the current quarter, as it begins to sell two phones based on Google Inc’s Android software in […]

Chrysler creates Dodge Ram brand for trucks

Chrysler Group LLC has created a separate Ram brand for its Dodge pickup trucks and replaced the heads of two car brands as the […]

U.S. factory orders fall in August

WASHINGTON–New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession.
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CIT near plan to turn over company to bondholders: sources

CIT Group Inc is nearing a plan that likely would hand the commercial lender over to its bondholders, sources familiar with the matter said […]

Carnival boosts 2009 outlook, shares surge

Carnival Corp & Plc lifted its 2009 earnings forecast on Tuesday and said ticket prices for its cruises were stabilizing, boosting shares of the […]

Cazenove, JPMorgan close to joint venture buyout terms: report

Senior management at Cazenove and JPMorgan are thought to be close to agreeing a price for Cazenove’s share of their J. P. Morgan Cazenove […]

Ontario leads rise in auto sales

OTTAWA–Sales of new motor vehicles rose 5.3 per cent in July to 126,665 units, driven by especially strong sales in Ontario, Statistics Canada reported […]

MDS to sell business units

Canadian life sciences company MDS Inc. says it’s going to sell off most of its major divisions and focus on its troubled Nordion medical isotope […]

Brewery sale critics take updated look

Bond — I was afraid we would lose employees in the company, but also suppliers, farmers. I hoped that they wouldn’t go through with […]